Nigel Farage Invests in Stack BTC as UK Debates Crypto Donations
Nigel Farage invested £215,000 ($286,000) in Bitcoin treasury company Stack BTC, increasing his crypto sector ties.Summary
Reform UK leader Nigel Farage has invested £215,000 (approximately $286,000) in Stack BTC, a London-listed Bitcoin treasury company chaired by former UK Chancellor Kwasi Kwarteng, acquiring a 6.31% stake through his media vehicle, Thorn In The Side. Stack BTC raised $346,000 in this funding round, which also included Blockchain.com, which will partner to deliver institutional-grade services for Stack's planned Bitcoin treasury. Farage stated he is a long-time advocate for Bitcoin and believes the UK should be a major global hub for the crypto industry. Stack BTC, which trades on the Aquis exchange, currently holds 21 Bitcoin worth about $1.4 million. This investment coincides with Farage's previous commitment that Reform UK would accept crypto donations and introduce a "Cryptoassets and Digital Finance Bill" if elected, amid ongoing UK debate regarding the acceptance of crypto donations by political parties.
(Source：Cointelegraph)